Merger of Republic Services, Allied Waste set to close by year end

By Lisa Kerner

Charlotte, N.C., Nov. 14 - Stockholders of Republic Services, Inc. and Allied Waste Industries, Inc. approved the proposed merger of the two companies at separate meetings on Friday.

The merger is expected to be completed by the end of the year, pending approval from the U.S. Department of Justice, a Republic news release said.

Once the merger is complete, Allied Waste will be a wholly owned subsidiary of the combined company, which will be called Republic Services.

Under the agreement with Republic Services, Allied Waste shareholders will receive 0.45 shares of Republic Services common stock for each share of Allied Waste common stock, a prior news release said.

Republic Services, based in Fort Lauderdale, Fla., provides environmental services, including solid waste collection, transfer and disposal services. Allied Waste is a non-hazardous solid waste services company located in Phoenix.

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